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Cable Update (GBPUSD)

  • #6,801
  • Feb 22, 2007 7:16pm Feb 22, 2007 7:16pm
This puppy is still within a triangle and really hasn't decided where to go yet. It keeps ranging up a little at a time as stated by Monarchs post about 15 PIPS up per day.I really don't see it lower than 1.9490 today but we'll see.
Show me the PIPS!
  • #6,802
  • Feb 22, 2007 9:31pm Feb 22, 2007 9:31pm
Well another bear in the house.

Well the US 10 Year Treasury Note has been up for todays already.

Gold just waiting to go down. In fact it is now at USD676.

E/U doesnt look it will rally, hehe.

Also, USD/CHF has been going up higher recently.

We are still in the triangle and not yet breakout yet. I guess most traders yesterday thought we are going long big time but not yet.

Anyway we are back to the magical 1.9555 level

Yesterday we didnt touch 1.9444 or 1.9666 level.

So the game is still on. Bull VS Bear . See you.
  • #6,803
  • Feb 22, 2007 10:06pm Feb 22, 2007 10:06pm
Quoting henrycarol
Well another bear in the house.

Well the US 10 Year Treasury Note has been up for todays already.

Gold just waiting to go down. In fact it is now at USD676.

E/U doesnt look it will rally, hehe.

Also, USD/CHF has been going up higher recently.

We are still in the triangle and not yet breakout yet. I guess most traders yesterday thought we are going long big time but not yet.

Anyway we are back to the magical 1.9555 level

Yesterday we didnt touch 1.9444 or 1.9666 level.

So the game is still on. Bull VS Bear . See you.

what is it with numbers 444, 555, 666? hehehe

Seriously, I'm shorting also. After the failed break of 1.96, I think we need to go down more first before the big bullish move.
  • #6,804
  • Feb 23, 2007 12:44am Feb 23, 2007 12:44am
Quoting thunder
I'm not totally familiar with Brazil, but I would think that it's more relaxing over there than in the States. I've traveled a number of times to Central America and love it there. If Brazil is anything like CA the women are beautiful there and I would never leave if I didn't have to. I would love to live there one day. Whenever I go there I sit in my hammock and drink away. Hope you have a better Fri adn then you can go .

Bob
Thanks Bob...

Well, you should come sometime. Gonna love Brazil for sure... Well, all the problems that you find in the USA, except the war issue - our army is a usual peacekeeper like in East Timor and Tahiti.

I use to say that Brazil is the best place in the world to live if you are rich. All the fancy stuff a developed country can give + weather (mininum 5ºC 2 days in a year - average 25+ºC sunny days) + beautiful women + grate food, beach - ohhh the beaches....

I'm still far from "rich", but I have nothing to complain about

Have a nice Friday you, too
  • #6,805
  • Feb 23, 2007 12:47am Feb 23, 2007 12:47am
Quoting ronaldinho
what is it with numbers 444, 555, 666? hehehe

Seriously, I'm shorting also. After the failed break of 1.96, I think we need to go down more first before the big bullish move.
the 9xxx is just a joke around here, since Cable is stalling at those levels for some time. And henrycarol shorted targeting 9444 like DAYS ago and we never reached it yet. Don't bother with it. But take partial profit at those levels - just in case
  • #6,806
  • Feb 23, 2007 1:39am Feb 23, 2007 1:39am
Just touched 9583. No candle close above of this figure in the 1hr yesterday. So it is my clue.

Still awaiting this first EUR news to understand which way better.
  • #6,807
  • Feb 23, 2007 1:46am Feb 23, 2007 1:46am
EUR data higher than previous, what does that mean?
  • #6,808
  • Feb 23, 2007 1:46am Feb 23, 2007 1:46am
I think false break out going into reverse as euro stregthens against £

monny a mickle macks a muckle
  • #6,809
  • Feb 23, 2007 1:56am Feb 23, 2007 1:56am
If g/u later goes down 200pips, ...I just pray for those who longed.

I have my buy stops on too .

But shorted at 1.9590 already again

  • #6,810
  • Feb 23, 2007 1:57am Feb 23, 2007 1:57am
Quoting dazed101
EUR data higher than previous, what does that mean?
good for Euro, but not a mover, though
  • #6,811
  • Feb 23, 2007 1:58am Feb 23, 2007 1:58am
MOrning guys...

DOnt know why yet, but im with Henry Carol on this Short!!

Let see were we get to!!!
  • #6,812
  • Feb 23, 2007 1:58am Feb 23, 2007 1:58am
Quoting henrycarol
If g/u later goes down 200pips, ...I just pray for those who longed.

I have my buy stops on too .

But shorted at 1.9590 already again

So that's why the GBP can't break 1.9600!
Show me the PIPS!
  • #6,813
  • Feb 23, 2007 1:59am Feb 23, 2007 1:59am
Quoting henrycarol
I have my buy stops on too .
This is a sign of weakeness to me... Would it be a (yet weak) bullish signal?

  • #6,814
  • Feb 23, 2007 2:03am Feb 23, 2007 2:03am
mmmm GBPJPY is working at staying bullish though..

Maybe like yesterday it will drag the cable with it..


mmmm. I love my early morning entries... I think its going to short after another attempt at 1.96
  • #6,815
  • Feb 23, 2007 2:04am Feb 23, 2007 2:04am
So if this thing follows this weeks pattern we'll see a spike up to retest 1.9600 and then it will open up SHORTS for the rest of the day!

By pattern, I am referring to Frankfurt open one way, London initially follows then reverses.
Show me the PIPS!
  • #6,816
  • Feb 23, 2007 2:08am Feb 23, 2007 2:08am
bearing in mind we have quite a lot of data to absorb at 9.30..

which could be holding everybody back right now..
  • #6,817
  • Feb 23, 2007 2:34am Feb 23, 2007 2:34am
us core cpi must also still be factored into the price and i think this will also strengthen the $, core cpi was better than expected and the market must adjust at some stage because it is a top indicator,
  • #6,818
  • Feb 23, 2007 2:40am Feb 23, 2007 2:40am
Quoting Kanon
us core cpi must also still be factored into the price and i think this will also strengthen the $, core cpi was better than expected and the market must adjust at some stage because it is a top indicator,
EUR and Yen are both in a clear USD bullish trend this week. Both of them, specially Euro, serves as good filter for the Cable madness.. When dust settles, Cable goes along with Euro.

I've seen reports that Euro might use the upcoming negative news (f/cast) for another assault at the 3080 area, where it fails y'day. I'll keep an eye on it...
  • #6,819
  • Feb 23, 2007 2:46am Feb 23, 2007 2:46am
Quoting bfs
hope this helps.
WOW! I don't have strong enuf glasses for that.
  • #6,820
  • Feb 23, 2007 2:50am Feb 23, 2007 2:50am
Guys I see the 5 min highs dropping as we speak.. Its ready to drop!!!
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